Tax & Accounting Blog

New Indian White Paper Focuses on Potential Tax Avoidance Through Transfer Pricing

New Indian White Paper Focuses on Potential Tax Avoidance Through Transfer Pricing

The Indian government recently released a new report, White Paper on Black Money. The report claims that more than 60% of international trade is conducted between related parties, and that the companies can exert significant influence in locating costs and revenues. Several practitioners have criticized the report as utilizing skewed information in terms … Read More

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Much “To Do” About Something-The New Repair Regs

The newly issued repair regulations seem to be all the buzz…  After much anticipation, new tangible property regulations were released, replacing both the proposed regulations (issued March of 2008) and the long-standing current regulations.  These new temporary regulations, effective for taxable years beginning on or after January 1, 2012, update the prior rules and serve … Read More

Trending Topics @ the Orlando ACT Conference

Trending Topics @ the Orlando ACT Conference

Disney’s Contemporary Resort in Orlando was packed yesterday with roughly 200 tax professionals who joined to discuss the big theme of this year’s Association for Computers and Taxation (ACT) Conference….trends in data warehousing and data management. We heard from some great presenters starting out with breakout sessions on the trending topic of data warehousing. After lunch, we … Read More

Why Tax Executives are Spending More Time in Front of the C-suite

Why Tax Executives are Spending More Time in Front of the C-suite

Gone are the days when the corporate tax director stands last in line to update the CFO. In a recent article on CFO.com,  internal tax advisers shared how they are getting more exposure at C-suite-level doors on a regular basis. Why the sudden interest in tax? With increased regulation, a heavy state and local … Read More

Indian Finance Bill May Have Chilling Effect on Investment

Indian Finance Bill May Have Chilling Effect on Investment

With economic growth running at an annual pace of more than 8 percent, the attraction of investing in India is obvious. And, for many companies, investing is India is no longer optional. However, recently  proposed  legislation may force companies to reevaluate their investment posture. Governments around the world facing budgetary crises are tightening transfer pricing regulations and strengthening … Read More

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Fun with International Tax Provision Issues

 When I was young and naïve, I overheard a seasoned practitioner remark: “If tax provisions are fun…then dealing with the international pieces of the provision is the most fun you can have.”  I’m now neither young nor naïve and I recognize the sarcasm in the remark.  However, I do believe the issues are interesting and, … Read More